Question

Toyota embraces lean techniques, including lean accounting. What are the key components of lean accounting

Answer 1

Answer and explanation:

Lean Accounting is a business strategy that focuses on employees and their process of learning. The objective of lean is eliminating waste from work. The lean method has four (4) components: Lean tools (set of approaches to achieve objectives), Lean Concepts (theoretical knowledge that represents intellectual capital), Lean Culture (values useful to implement strategies), and Lean Planning (linking corporate policies with goals).